$Wrx is a native token for India’s one of the largest Crypto exchange Wazirx. In India the investing in cryptocurrencies has become very popular and this has impacted exchanges like WazirX heavily in a positive way so let us discuss Crypto culture in India and does it have a future, and should you consider investing in $WRX, Will it take you to the moon.
Disclaimer:-
All the information shared in this blog is just for educational purpose and we do not promote any kind of coins or projects neither you should treat any of the information as such. Always invest at your own risk with your own research and invest only that much amount that you can bear to lose.
What is Crypto Exchange?
As in-stock exchanges, there is NSE (National Stock Exchange) and BSE (Bombay Stock Exchange) allows traders to assert like stocks, in the same way, there are Crypto exchange I which allow users to trade cryptocurrency like (BTC) Bitcoin, Ethereum (ETH), (WRX) WazirX, etc. You can easily deposit and withdraw your funds through this exchange is direct via a bank or credit and debit card.
What is Wazirx:-
WazirX is India’s one of the largest and most trusted Crypto exchange it was developed by an Indian software developer named Nischal Shetty in the year 2017 and its native coin is $WRX and this exchange is making a huge impact on the crypto market.
Some features of WazirX:-
Instant deposit and withdrawal options in INR as well as different currencies.
2. 100+ coins are listed on WazirX
3. Better P2P transfer options are available
4. You can log in with your Binance wallet or wallet of different exchanges.
WRX:-
Wrx is a native coin of Wazir X2 can based on the Binance blockchain there are a total 1 billion of tokens available and there are currently trading at the price of 1.3 dollars and the all-time high of this token is 5.94 dollars so I think this is the correct time to buy $wrx as the market is already down as of 4 November.
Why should we invest in WRX:-
The current scenario of the market is quite bullish and BTC is also trading at a very low price of $48,710 and it is very important for all that bitcoin should cross the resistance of $50,500 then only it will be able to touch its next to all time high which is $135k as it is predicted by Plan B.
And if BTC touches an all-time high then there are great possibilities that all the coins will point will grow immensely apart from that this is the only coin of any exchange with his which is trading at a very low price for example Binance has its native coin known as BNB and its prices around $553 so there are great possibilities that this coin also touches its all-time high this year.
Now coming to the main part that why you should consider WRX over other coins:-
As I’ve discussed WazirX has become a very popular Crypto exchange in India and it is also backed by Binance which is also one of the largest exchanges in the world and also Indians are very much active in Crypto because of which India holds top fifth position in Crypto holder. The total number of Crypto holders in India is approx 10.3 million which is the highest in the world followed by the USA which is approx 6 million. Due to its low margin and high reward benefits, crypto has become a very much popular investment among Indians also there are famous Bollywood celebrities like Amitabh Bachchan and Salman Khan who are launching their NFTs and that are sold separately which shows that Indians are adopting this technology and they are then they have a keen interest in Crypto it would be definitely benefiting for you if you invest in $wrx.
Also, there are a few exchanges that are trusted among Indians and one of them is WazirX and which is trading at a very low price there are great chances that this might hit $6 to $7 in the coming year 2022. Even the Indian government has said that they are not going to ban cryptocurrency in India instead they are going to regulate it and it is possible that they ban all the foreign exchanges and private wallets in India and regulate and only Indian exchanges would be allowed to regulate in India and as Wazir X is among them so there is a great possibility that prices of $wrx reaches 10 to 15 dollars by the end of 2022.
Apart from that WazirX head Nischal Shetty had announced that they are going to launch India’s first dex decentralized exchange now what is dex? for simple terms understand this, centralized exchange means some people have authority and can control over our trading activities in some way or the other and on the other hand there are decentralized exchanges that give us full privacy on your daily activities and no one can have control over it and if you are planning to keep all your trading activities private then that is the best option for it and WazirX is going to launch India’s first-ever dex and the price of $wrx will exponentially rise. So I think this is the best coin to invest in and it will definitely take you to the moon.
Let us keep this blog up till here, I hope that you guys enjoyed reading this blog and found it useful. For more such blogs you can follow me here and for more crypto-related stuff you can follow me on my social media platforms. Once again thank you so much for reading see you in the next blog till then stay home stay safe.
